(Edmonton, AB) – Canada Gold announced the launch, today of their newest location in the Ventures Building at 107 Ave. and 109 St. NW in Edmonton, AB. This opening marks the company's 11th location in Canada, and its 2nd location in Alberta, joining their existing Calgary Gold office.

Canada Gold began as an alternative to traditional “mail-in” cash-for-gold companies and local pawn shops by offering a simple and transparent gold and silver refining service with on-the-spot payouts.

“Our objective has always been to offer the best payouts to our clients by leveraging our expertise in precious-metals analysis and up-to-the-minute market-based pricing.”

Gregory Neilson - Managing Director, Canada Gold

In Edmonton, the company has invested in state-of-the-art testing equipment and trained local precious-metals analysts, ensuring their clients are offered the most accurate payouts for all types of gold and silver.

Founded in 2009, Canada Gold and its subsidiaries are among the leading precious-metals refining companies in Canada. With 11 offices serving BC, Alberta, Ontario and Nova Scotia, as well as a nationwide mail-in program, the company has grown to offer a broad range of gold and silver refining services to all Canadians.

Welcome to the new CanadaGold.ca!

We are pleased to officially launch our new website full of great new features and information to help you learn more about the process of buying and selling precious metals including gold, silver and platinum, as well as diamonds.

Canada Gold aims to equip you with all the information that you will need to make an informed decision regarding the purchase or sale of your precious metals and diamonds. Whether you choose to do business with us or not, we are pleased to present you with the most relevant tools and articles to make your decision that much easier.

The gold price has different meanings for everyone. For some, it is a source of wealth, for others it is the cost of fine jewelry, and there are many more who just don’t really care about it.

Is There Value in the Gold Price?

No matter what your opinion on the precious metal, gold is an important resource in our world and plays a significant role in our global economy. Even if it doesn’t interest you from an investment or fashion standpoint, the gold price is sure to affect you in some way.

With such a difficult to understand value proposition and tremendous economic weight, many ask “why?”.

“(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

Warren Buffet

While this may be true, in most countries gold has a very important role to play through deep rooted cultural traditions and as a store of wealth. It’s true that the gold price is simply the value that we assign to it, but in reality this could be argued for just about any scarce resource or capital in a free market economy.

One of the best ways of understanding the gold price is to simply think of it as a currency. While most other commodities have very real and useful value as a source of energy, construction or as food, gold is quite limited in its general usefulness. Likewise, commodities tend to get used up, contributing to a certain amount of continuous demand regardless of the investment interest in it. Gold, of course is always there. Even if it ends up being used in jewelry you can always melt it down and reclaim it into its purest form.

Gold as a Currency

The reason we can equate the gold price to currency is because it really is just used as a store and transfer of wealth, just like cash. The difference is that cash tends to become devalued over time (inflation), whereas gold price almost always has a consistent value compared to inflation.

There are many economic factors influencing the gold price, but the same is true for currency. If all countries and businesses used gold price as the standard of currency it would lead to much more stable levels of exchange and contribute to an easing global trade. Currently, if a company manufactures a product in one country for sale in another, the fluctuations in exchange rates can lead to huge risks to profitability. The recent rise in globalisation has had more to do with the easing of import duties and the establishment of large-scale trade agreements.

A common currency would be the final consummation of true free trade between countries, also known as a currency union. While this has been tried with a certain level of success in Europe with the establishment of the Euro, the idea of using gold price as a common currency for countries in different parts of the world has been suggested as the next major push towards global free trade.

While this type of move would be profound and extreme to say the least, it does show the sentiment towards moving away from currency systems that are easily manipulated by governments and towards a more inclusive system that offers greater stability for the businesses that ultimately engage in trade.

Given all this, it seems that there is a role for gold price as an international store of value and commerce, providing a common currency across international boundaries.

(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

Want to find out more? Call us at 1-888-682-5832 or visit a Canada Gold location near you.

Richmond Gold Buyers are proud members of the Canada Gold network of gold buyers with locations from coast-to-coast. Conveniently located throughout the Lower Mainland with 4 locations to serve you better. Visit Richmond Gold Buyers to sell all types of gold in Richmond, or visit CanadaGold.ca to learn more about our company and the gold buying process.

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